PEPPOL is revolutionising the way Public Sector organisations across Europe receive and pay Supplier invoices.
Increasing number of European governments and companies are adopting this standard. And it shouldn’t come as a surprise: PEPPOL promises to save the industry tremendous amount of cost and effort spent on electronic document exchange.
A bit of background: the PEPPOL project was started 2008 with objective to enable businesses to communicate electronically with any European government institution in the procurement process, thus increasing efficiencies and reducing costs.
Seven years later, PEPPOL standard is gaining traction with all of the European governments having to implement PEPPO by the 18th of April 2019. Industry is also picking up on this with over 100 certified PEPPOL Access Points providers.
Before PEPPOL, any full end-to-end invoice exchange automation required an implementation project between each new sender or receiver. This created costs and delays, often leading to reverting to old paper-based processes.
For the first time, PEPPOL holds the promise to enable full end-to-end invoice exchange without any set-up project for each new partner. PEPPOL solves the document format and routing issues once and for all. This maybe the missing link to unlock wide-scale e-invoice adoption.